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High-growth SaaS firm posts strong retention and expanding AI revenue
The SaaS company reported 55% growth, strong retention, and rising AI revenue, supporting its $134 billion valuation and IPO expectations.
A fast growing SaaS company recorded 55% year on year growth, reaching a revenue run rate of $4.8 billion, with nearly $1 billion attributed to artificial intelligence-driven offerings. Net revenue retention stood at 140%, highlighting strong customer expansion. The firm has remained free cash flow positive for over a year and is now valued at $134 billion. Analysts see sustained enterprise demand for AI tools as a key driver of premium valuation.